Posts Tagged ‘ paying off debts ’

Paying everything off may not improve scores immediately

Dear Experian, I have paid everything off, except for one dispute. Why has my credit score not improved? - RRD[ READ MORE ]

Never send debt payments to credit reporting companies

Dear Experian, How and where can I repay or pay on a debt that's on my credit report? - TCP[ READ MORE ]

Paying off all debts will help scores in the long run

Dear Experian, I was told by a realtor that paying off everything on my report will cause my score to drop. Is this true? - STM[ READ MORE ]

Is it better to pay off one credit card or reduce the balances on two?

Dear Experian, If I am trying to raise my credit score, it is better to pay off one credit card entirely or pay down the balance of two cards without paying off either one? - ECH[ READ MORE ]

How long before paid credit cards are updated

Dear Experian, I just paid off a lot of my credit card debt. When will I see it take effect on my credit report? - DUK [ READ MORE ]

How long before information is completely removed from your credit report

Dear Experian, How long does it take to have something completely taken off your credit report and boost your credit once paid off? - ADA[ READ MORE ]

Limited credit history could be preventing mortgage qualification

Dear Experian, I am trying to buy a house, and my credit score just needs to go up by one point. The only credit I have is a credit card with a $900 balance and $1,500 limit. If I pay it down to $500 would this raise my score? - NDR[ READ MORE ]

Getting credit report updated quickly after debts are paid

Dear Experian, I'm paying off all of my husband's debt rather than settling. I'm capable of paying the balances in full and am getting confirmation of “paid in full” for theses accounts. Is there a way to speed up the process of having the credit bureaus update his credit file and score so that it immediately reflects that his payments have been made for these debts? May I contact the agencies directly to provide them with this information? - MDW[ READ MORE ]

What happens when you pay off “bad” credit

Dear Experian, When a piece of "bad" credit exists on my report, what happens if I pay it off? Is it automatically updated to "good" credit? Does it still reflect negatively on my report? Are the months that I could not pay still reflected, but changed to a $0 balance? - GTH[ READ MORE ]